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I tried to put as much info in as I could. I'm just very confused as to what goes in the blanks. Entries for Selected
I tried to put as much info in as I could. I'm just very confused as to what goes in the blanks.
Entries for Selected Corporate Transactions Selected transactons completed by ATV biscount Corporstion during the current focal year are as follems: 3am. 5. Spit the common stock 4 for 1 and redated the par from 140 to 510 per share. After the sglt, there aere 620,000 common shares outstandang Mar, 10. Rurchased 50,000 skares of the corporation's own commen stock at 113 , recording the stock at cost. June 15. Paid the cash dividends. Aug. 20, Sold 36,000 shares of treasury steck at $20, receiving cash. Oct. 15. A 2\% common stock dividend was declared on the common stock outstanding. The faif market value of the comnea stock is estimated at 122 Dec. 19. Paid the cash dividends. Dec. 19. Issued the certificates for the common stock dividend. Dec. 19. Paid the cash dividends. Dec. 19. Issued the certificates for the common stock dividend. Entries for Seiected Corporate Transactians 1an. 22. Paid cash dividends of \$0.14 per shre on the cocrmon stock. The dividend has bean property recarded whthi dodared co Decenber t of the preceding fiscal year for $30,240 Apr. 16. Issued 45,000 shares of commen stock for 411 per shace. June 6. Solid all of the treasury stock for 4408,000 . July 5. Declared a S\% stock dividend en comman stock, to be capitalized wt the market price af the stock, which is $20 ger thare. Aug: 15. Issued the certincates for the dividend declared on sily 5 Novi 23. Purchased 15,000 shaces of treasury stock for $255,000. Dec. 211. Decisred a 19.17 -per-ihare dvident on common thock: 11 Cinsed the two dividends accounts to Retained Earmings 1. The Janeary 1 balances have been entered in T accounts for the stockhalders' equity accounts. Record the above transactions in the T acceunts and provide the Decenber 31 salance where appropriate. Paid-In Capital in Excess of Stated Value-Common Stock Retained Earnings \begin{tabular}{l|ll} \hline Dec. 31 Jan. 1 Bal. \\ & Dec. 31,450,000 \\ \hline & Dec. 31 Bal. \\ \hline \end{tabular} Paid-In Capital from Sale of Treasury Stock Stock Dividends Distributable Aug. 15 V July 5. Stock Dividends July 5 Dec. 31 D 2. Joumalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. Jan. 22. Paid cash dividends of 30.14 per share on the common stock. The dividend had been properif recorded when decared on December 1 ef the preceding fiscal yoar for $30,240. Apr. 10. Issued 45,000 shares of common stock for $18. June 6. Sold all of the treasury stock for $408,000. July 5. Declared a 5% stock dividend on common stock, to be capitalized at the market price of the stock, which is $20 per shar Aug. 15. Issued the certificates for the dividend declared on July 5. Nov, 23. Furchaied 15,000 shares of veasury akock, for 1255,900 . Dec. 25. Gectared a 19.17-pes-share avidend en cemmon atod Dec: 31. Closed the twa dividends accounts to Retaines Earninge: 4. Prepare the 5tockholden' Equity section of the December 31, 20y5, balance sheet. 4. Prepare the Stockholders' Equity section of the December 31,20Y5, balance sheet. Entries for Selected Corporate Transactions Selected transactons completed by ATV biscount Corporstion during the current focal year are as follems: 3am. 5. Spit the common stock 4 for 1 and redated the par from 140 to 510 per share. After the sglt, there aere 620,000 common shares outstandang Mar, 10. Rurchased 50,000 skares of the corporation's own commen stock at 113 , recording the stock at cost. June 15. Paid the cash dividends. Aug. 20, Sold 36,000 shares of treasury steck at $20, receiving cash. Oct. 15. A 2\% common stock dividend was declared on the common stock outstanding. The faif market value of the comnea stock is estimated at 122 Dec. 19. Paid the cash dividends. Dec. 19. Issued the certificates for the common stock dividend. Dec. 19. Paid the cash dividends. Dec. 19. Issued the certificates for the common stock dividend. Entries for Seiected Corporate Transactians 1an. 22. Paid cash dividends of \$0.14 per shre on the cocrmon stock. The dividend has bean property recarded whthi dodared co Decenber t of the preceding fiscal year for $30,240 Apr. 16. Issued 45,000 shares of commen stock for 411 per shace. June 6. Solid all of the treasury stock for 4408,000 . July 5. Declared a S\% stock dividend en comman stock, to be capitalized wt the market price af the stock, which is $20 ger thare. Aug: 15. Issued the certincates for the dividend declared on sily 5 Novi 23. Purchased 15,000 shaces of treasury stock for $255,000. Dec. 211. Decisred a 19.17 -per-ihare dvident on common thock: 11 Cinsed the two dividends accounts to Retained Earmings 1. The Janeary 1 balances have been entered in T accounts for the stockhalders' equity accounts. Record the above transactions in the T acceunts and provide the Decenber 31 salance where appropriate. Paid-In Capital in Excess of Stated Value-Common Stock Retained Earnings \begin{tabular}{l|ll} \hline Dec. 31 Jan. 1 Bal. \\ & Dec. 31,450,000 \\ \hline & Dec. 31 Bal. \\ \hline \end{tabular} Paid-In Capital from Sale of Treasury Stock Stock Dividends Distributable Aug. 15 V July 5. Stock Dividends July 5 Dec. 31 D 2. Joumalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. Jan. 22. Paid cash dividends of 30.14 per share on the common stock. The dividend had been properif recorded when decared on December 1 ef the preceding fiscal yoar for $30,240. Apr. 10. Issued 45,000 shares of common stock for $18. June 6. Sold all of the treasury stock for $408,000. July 5. Declared a 5% stock dividend on common stock, to be capitalized at the market price of the stock, which is $20 per shar Aug. 15. Issued the certificates for the dividend declared on July 5. Nov, 23. Furchaied 15,000 shares of veasury akock, for 1255,900 . Dec. 25. Gectared a 19.17-pes-share avidend en cemmon atod Dec: 31. Closed the twa dividends accounts to Retaines Earninge: 4. Prepare the 5tockholden' Equity section of the December 31, 20y5, balance sheet. 4. Prepare the Stockholders' Equity section of the December 31,20Y5, balance sheet Step by Step Solution
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